Skip to main content

How goverment helps in export

Types of Export Incentive Schemes & Benefits in India

Table of Contents 

1 Advance Authorization Scheme

2 Advance Authorization for Annual Requirement

3 Export Duty Drawback for Customs, Central Excise, and Service Tax

4 Service Tax Rebate

5 Duty-Free Import Authorization

6 Zero duty EPCG (Export Promotion Capital Goods) Scheme

7 Post Export EPCG Duty Credit Scrip Scheme

8 Towns of Export Excellence (TEE)

9 Market Access Initiative (MAI) Scheme

10 Marketing Development Assistance (MDA) Scheme

11 Merchandise Exports from India Scheme (MEIS)


Export Duty Drawback for Customs, Central Excise, and Service Tax

Under these schemes, the duty or tax paid for inputs against the exported products is refunded to the exporters. This refund is carried out in the form of Duty Drawback. In case the duty drawback scheme is not mentioned in the export schedule, exporters can approach the tax authorities for getting a brand rate under the duty drawback scheme.

Merchandise Exports from India Scheme (MEIS)

This scheme applies to the export of certain goods to specific markets. Rewards for exports under MEIS will be payable as a percentage of realized FOB value.

Thanks to all these schemes, exports have increased by a right margin, and there is a favorable atmosphere among the business community. The government is also upcoming with many other benefits to strengthen the export sector of the country further.


Towns of Export Excellence (TEE)

Towns that produce and export goods above a particular value in the identified sectors would be known as towns of export status. Towns will be given this status based on their performance and potential in exports to help them reach new markets.

Market Access Initiative (MAI) Scheme

An effort to provide financial guidance to eligible agencies for undertaking direct and indirect marketing activities like market research, capacity building, branding, and compliances in importing markets.

Marketing Development Assistance (MDA) Scheme

This scheme aims to promote export activities abroad, assist export promotion councils to develop their products and other initiatives to carry out marketing activities abroad.


Popular posts from this blog

How to earn money online

12 Ways You Can Absolutely Make Money Online For many people, making money online would be an absolute dream come true. If they could find a way to make money with a website or some other online venture, they could quit their job to focus on entrepreneurship, spend more time with their family, and finally take back control of their time and their lives. Now, here’s the good news. The majority of online revenue strategies aren’t that complicated. Like any business venture, your online income takes time to grow. You need to be willing to devote the time and energy required to get your idea off the ground, and you need grit to stick with it even if your journey is slow when you first start out. #1: Google Adsense If you've visited any website, you've seen Google ads. These ads are everywhere, and for good reason. Not only are they easy to set up on any basic website, but they can be lucrative once your website starts bringing in a steady amount of traffic. One of ...
l

How to start online bussiness

The simple way to tackle the complexity of selling online Start a trial Build a store that caters to your unique business needs—with the design tools, features, and support to get you up and running. Launch your store Design and customize a beautiful storefront with powerful features and expert ecommerce support along the way. Grow your business Build your brand with a storefront designed to jumpstart growth, from your very first sale onward. Simplify ecommerce management Take the guesswork out of managing your new or growing online business. Improve planning with inventory management tools Craft personalized shopping experiences with customer groups Choose from leading shipping and payment providers to find your best fit solutions, without penalties   Drive more online traffic Build buzz, find your target customers, and drive more site traffic. Boost SEO strategies with customizable URLs and robot.txt access Plug-in POS integrations to leading providers like Square and Clover Sell...
l